I'm working on second editions of both books which will hopefully be released by BiggerPockets by the end of the year!

And at this point I wish I could either delete or edit my original post because more people keep commenting, which dont get me wrong I greatly appreciate, but its a lot of the same information.

**EDIT** - Of course I take 2 seconds and read the few posts just before mine and @Russell Brazil basically already addressed the same point I made below.

[EDITED BY MODERATOR - No solicitations in this forum, please.]

Similarly, if the government wanted its agents to inspect rental units in between tenants while they are vacant (or the hypothetical weekend rental car when it's in the lot and not being rented by a consumer), I don't think anyone objecting would have a leg to stand on.I'm mostly thinking out loud here, my position/opinion being developed on the fly as I think about this and we go back and forth...EDIT: if any lawyers want to chime in on from whence the apparent different standards for business and personal stuff arises (assuming that distinction exists at all and I'm not hallucinating), I'd be most happy to read up on that. 

Edit to add: Don't rent to a family and live in a room with them, that's just weird.

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[Kindle Edition]

(edit: I'm sure there are multiple interpretations in the different juridictions, but looking at it this way covers your bases.)I say for now because it's likely that more and more states (money grabbers) will add extra licensing requirements.

Doing it this way will keep all the deposits in a separate register so you can always see what the balance is.When you do the first invoice, select Edit, then memorize the invoice and fill-in the boxes you need to, in order to have the invoice pop up automatically every month.